Parker v. Thomas

This was an action by Parker against Thomas, upon promissory notes executed by tbe latter to tbe Fort Wayne and Southern Railroad Company, and by the company indorsed to tbe plaintiff. The notes bear date December 29, 1853.

The defendant answered in four paragraphs, in substance as -follows:

1. That, on the — day of August, 1853, he subscribed for sixteen shares of the capital stock of the railroad company, on the following conditional subscription, viz.: “We, the undersigned, promise to pay to the president and directors •of the Fort Wayne and Southern Railroad Company twenty-five dollars for…